VICI Properties financials
$23.20+0.04%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.80B | $1.70B | $1.56B | $1.08B | $313.8M | $202.3M | $894.8M | $828.0M |
| Gross profit | $1.78B | $1.68B | $1.53B | $1.05B | $293.0M | $184.6M | $875.9M | $810.7M |
| Gross margin | 98.5% | 98.4% | 98.3% | 97.9% | 93.4% | 91.3% | 97.9% | 97.9% |
| Operating income | $1.44B | $1.39B | $1.28B | $85.9M | $238.2M | -$110.1M | $847.5M | $688.0M |
| Net income | $2.78B | $2.68B | $2.51B | $1.12B | $1.01B | $891.7M | $546.0M | $523.6M |
| Net margin | 153.9% | 157.3% | 161.3% | 103.8% | 323.1% | 440.8% | 61.0% | 63.2% |
| Diluted EPS | $2.61 | $2.56 | $2.47 | $1.27 | $1.76 | $1.75 | $1.24 | $1.43 |
| EBITDA | $1.46B | $1.40B | $1.30B | $89.1M | $241.2M | -$106.3M | $851.3M | $704.4M |
| Operating cash flow | $2.51B | $2.38B | $2.18B | $1.94B | $896.4M | $883.6M | $682.2M | $504.1M |
| Free cash flow | $2.51B | $2.37B | $2.18B | $1.94B | $873.1M | $880.9M | $679.4M | $503.2M |
| Diluted shares | 1,062.7M | 1,047.7M | 1,015.8M | 879.7M | 577.1M | 510.9M | 439.2M | 367.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $563.5M | $524.6M | $522.6M | $208.9M | $739.6M | $316.0M |
| Short-term investments | $44.5M | $0.00 | $0.00 | $217.3M | $0.00 | $13.05B |
| Total debt | $16.77B | $16.73B | $16.72B | $13.74B | $4.69B | $6.77B |
| Total assets | $46.72B | $45.37B | $44.06B | $37.58B | $17.60B | $17.06B |
| Total liabilities | $18.50B | $18.42B | $18.40B | $15.29B | $5.41B | $7.57B |
| Shareholders' equity | $28.22B | $26.95B | $25.66B | $22.29B | $12.19B | $9.49B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology